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SDAIA, Samsung Sign MoU to Explore Localization of Digital Technologies, Innovations

SDAIA signed a memorandum of understanding with Samsung Electronics Co. Limited to explore the localization of digital technologies and innovations. (SPA)
SDAIA signed a memorandum of understanding with Samsung Electronics Co. Limited to explore the localization of digital technologies and innovations. (SPA)
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SDAIA, Samsung Sign MoU to Explore Localization of Digital Technologies, Innovations

SDAIA signed a memorandum of understanding with Samsung Electronics Co. Limited to explore the localization of digital technologies and innovations. (SPA)
SDAIA signed a memorandum of understanding with Samsung Electronics Co. Limited to explore the localization of digital technologies and innovations. (SPA)

The Saudi Data and Artificial Intelligence Authority (SDAIA) signed on Wednesday memorandum of understanding with Samsung Electronics Co. Limited to explore the localization of digital technologies and innovations.

The signing ceremony took place during SDAIA's participation in the third edition of the LEAP 2024 technological conference in Riyadh.

The MoU was signed on behalf of SDAIA by the Assistant Director of the National Information Center for the Tawakkalna Saleh bin Salem Musaibah and by Hyun-Dong Lee, the General Manager of Samsung Saudi Electronics Limited.

Cooperation aspects of the memorandum include automatically adding Tawakkalna system applications to all Samsung devices in the Kingdom and providing training services and workshops on the latest technologies used in application development.

Also at LEAP 2024, SDAIA signed an MoU with PwC Middle East to conduct experiments and research on the latest AI technologies.

In addition, SDAIA will create models specifically designed for the Arabic language to establish an advanced virtual laboratory for AI and a generative AI experiments center (GenAI).

CEO of Business Development Raed bin Faleh Al-Faleh signed on behalf of SDAIA, while General Manager Fadi Al-Qamati signed on behalf of PwC Middle East.

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Ubisoft Unveils ‘Creative Houses’ Model as First-Quarter Bookings Miss Expectations

The logo of Ubisoft is seen in Montreuil, near Paris, France, July 13, 2020. (Reuters)
The logo of Ubisoft is seen in Montreuil, near Paris, France, July 13, 2020. (Reuters)
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Ubisoft Unveils ‘Creative Houses’ Model as First-Quarter Bookings Miss Expectations

The logo of Ubisoft is seen in Montreuil, near Paris, France, July 13, 2020. (Reuters)
The logo of Ubisoft is seen in Montreuil, near Paris, France, July 13, 2020. (Reuters)

France's lead videogame maker Ubisoft announced on Tuesday a sweeping reorganization of its internal structure, shifting to autonomous "Creative Houses" tailored to specific gaming genres, as it reported first-quarter net bookings that fell short of expectations.

The company said in a call that the leadership of each Creative House would be selected based on specific gaming genres, and could include those from creative or technical backgrounds, as part of the new approach.

"These units will reflect our diverse types of gaming experiences and will allow for enhanced quality, focus, autonomy and accountability," CEO and co-founder Yves Guillemot said in a statement.

The first such unit, jointly owned with China's Tencent, will manage flagship franchises including Assassin's Creed, Far Cry, and Rainbow Six. Co-CEOs Christophe Derennes and Charlie Guillemot will lead brand development across multiple platforms.

Ubisoft plans to roll out the full organizational changes by the end of the year.

The company reported first-quarter net bookings of 281.6 million euros ($305.7 million), missing its target of around 310 million euros and marking a 2.9% decline from the same period of last year.

It attributed the shortfall to a weaker-than-expected performance from the Rainbow Six Siege game and the delay of a partnership now expected in the second quarter.

Despite the miss, Ubisoft reiterated its full-year guidance and forecast second-quarter net bookings of approximately 450 million euros.

Upcoming releases include Anno 117: Pax Romana, a Prince of Persia remake, and mobile titles Rainbow Six Mobile and The Division Resurgence.